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re: A Who's Who of the Money Board...
Posted on 10/16/12 at 4:08 pm to OnTheBrink
Posted on 10/16/12 at 4:08 pm to OnTheBrink
Definitely a good idea. I always thought a FAQ would be good as well. Agreeing on how it is written might be a problem, though!
0
Posted on 10/16/12 at 4:10 pm to OnTheBrink
Please remove me. Thanks.
Posted on 10/16/12 at 4:19 pm to Athanatos
quote:
Athanatos
Removed. And my apologies.
How do I need to word this thing or should i just remove my original post? Intent was nothing but good, I assure all of you.
Posted on 10/16/12 at 4:39 pm to OnTheBrink
I have posted on here many times that I never know what the stock market is going to do or why. I'm always a little suspect of anyone who claims they know what's going to happen in the market.
I got lucky and called the market bottom on here in March, 2009 and went all in after going to almost all cash in late 2007.
But I based that call on one factor at that time. The fear in the market was so great (more than I've ever seen it) that if Warren Buffett is correct that we should be greedy when others are fearful and fearful when others are greedy, then that was the perfect time to be greedy.
To refresh everyone's memory, the market peaked at 14,198 in October, 2007 and fell to an intra-day low of 6,469 on March 9, 2009, losing over 50% of its value in about 18 months. Difficult times.
The credit markets had seized up and the Federal Reserve had to announce it would guarantee bank interbank loans and most corporate commercial paper just to get the credit markets functioning again.
When I started a thread the end of February, 2009 and said it would be time to go all in the market before the end of March, the replies I got were pretty blunt. One poster, MileHigh, said there would be no functioning stock market by the end of March. That seems funny now but many people had that opinion back then.
But now it appears to me others are being greedy.
I got lucky and called the market bottom on here in March, 2009 and went all in after going to almost all cash in late 2007.
But I based that call on one factor at that time. The fear in the market was so great (more than I've ever seen it) that if Warren Buffett is correct that we should be greedy when others are fearful and fearful when others are greedy, then that was the perfect time to be greedy.
To refresh everyone's memory, the market peaked at 14,198 in October, 2007 and fell to an intra-day low of 6,469 on March 9, 2009, losing over 50% of its value in about 18 months. Difficult times.
The credit markets had seized up and the Federal Reserve had to announce it would guarantee bank interbank loans and most corporate commercial paper just to get the credit markets functioning again.
When I started a thread the end of February, 2009 and said it would be time to go all in the market before the end of March, the replies I got were pretty blunt. One poster, MileHigh, said there would be no functioning stock market by the end of March. That seems funny now but many people had that opinion back then.
But now it appears to me others are being greedy.
Posted on 10/16/12 at 5:13 pm to OnTheBrink
I don't post a lot but the posters on that list are very sharp.
This post was edited on 10/16/12 at 5:17 pm
Posted on 10/16/12 at 5:36 pm to OnTheBrink
quote:
WeGotDatWood- Haggling
Former Haggler.
Posted on 10/16/12 at 6:20 pm to LSURussian
quote:
I'm always a little suspect of anyone who claims they know what's going to happen in the market.
A *little* suspect?
By the way, Russia likes to troll a bit in here, but always in a good way.
Posted on 10/16/12 at 6:35 pm to LSURussian
quote:We went all in about that time. Then we proceeded to watch things plummet from 745 to 666. God that was a tedious time. I had no idea I could have blamed you for our two week mistiming. Damn it!
When I started a thread the end of February, 2009 and said it would be time to go all in the market before the end of March
Of course the ride back up was pretty sweet
Posted on 10/16/12 at 6:40 pm to NC_Tigah
quote:
I had no idea I could have blamed you for our two week mistiming.
If you remember MileHigh and his "brother" Colonel Hapablap (spelling?) they gave me hell for several days as the market continued to fall before it bottomed out.
I made sure to remind them later when the market had gone up about 25% in six months.
Posted on 10/16/12 at 7:10 pm to CoolHand
I like to troll other boards and them post it here. It's a lot of fun.
Posted on 10/16/12 at 7:18 pm to TheHiddenFlask
Watching you troll the Political board is quite funny.
Posted on 10/16/12 at 8:35 pm to OnTheBrink
You forgot DallasTiger - currencies 
Posted on 10/17/12 at 1:49 pm to ItNeverRains
quote:
ITNEVERRAINS
Who was the fella that was gonna make a killing with a shite load of Iraqi Dinars? Remember that?
Posted on 10/17/12 at 1:56 pm to Jed Zeppelin
quote:
Brink, I think Greenhead is an engineer in the oil industry, but I'm not sure.
Well this greenhead is no engineer. Although petroleum engineering sounds pretty damn good.
I'm actually in medical school. I worked as a junior equity analyst for 2 yrs- but pretty much exclusively in Emerging Markets
Posted on 10/17/12 at 2:01 pm to greenhead11
quote:
Well this greenhead is no engineer.
Damn it Greenhead, I'm sorry about that. Dont know how I got that idea.
Posted on 10/17/12 at 2:40 pm to OnTheBrink
I can pretty much answer any question concerning credit reporting and some on bank operations.
Posted on 10/17/12 at 3:14 pm to Catman88
i am honored to be on the list!
Posted on 10/17/12 at 3:19 pm to OnTheBrink
Hey Brink, would you mind adding Disability and LTC to the insurance I specialize with? If people are curious about that stuff, I want them to know they are more than welcome to ask questions about those too, and that I don't just do Life.
Thanks man, and I appreciate the vote of confidence.
Thanks man, and I appreciate the vote of confidence.
Posted on 10/17/12 at 3:20 pm to hawkeye007
Ring of honor for retired posters has to include Jersey Tiger
Posted on 10/17/12 at 3:43 pm to GoCrazyAuburn
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